As the title implies, Austin joins other major American cities where rental prices are headed down, only -0.6% year-over-year, following the pandemic era’s all time high. And, the inventory of available units is still low compared to a balanced market.
What’s more, despite the small year-over-year rent price drop, Austin is still attracting new residents at a breakneck pace, with over a hundred people continuing to move to the city every day.
Wondering what is causing this nationwide shift and what it means for finding an apartment or home for rent in Austin?
Check out the post to find out, or contact us today to speak to an expert Austin Realtor and explore our Free Locating Services!